About Fly.io
Fly.io is a company based in Chicago (United States) founded in 2016 by Thomas Ptacek, Kurt Mackey, and Jerome Gravel-Niquet. It operates as a IaaS (Infrastructure-as-a-Service), and Managed Services. Fly.io has raised $107.13 million across 4 funding rounds from investors including EQT Ventures, Andreessen Horowitz and Dell Technologies Capital. Fly.io offers products and services including Fly Machines, Managed Postgres, and Phoenix.new. Fly.io operates in a competitive market with competitors including Netlify, OutSystems, Vercel, F5 Networks and Webscale, among others.
- Headquarter Chicago, United States
- Founders Thomas Ptacek, Kurt Mackey, Jerome Gravel-Niquet
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Fly.Io, Inc.,
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$107.13 M (USD)
in 4 rounds
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Latest Funding Round
$70 M (USD), Series C
Jun 28, 2023
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Investors
EQT Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of Fly.io
Fly.io offers a comprehensive portfolio of products and services, including Fly Machines, Managed Postgres, and Phoenix.new. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hardware-virtualized containers are provided for instant app deployment.
Fully managed PostgreSQL service is offered with automatic backups.
Remote AI runtime is provided for Phoenix app development.
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Funding Insights of Fly.io
Fly.io has successfully raised a total of $107.13M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $70.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series C - Fly.io | Valuation | EQT Ventures | |
| Jul, 2022 | Amount | Series B - Fly.io | Valuation | Dell Technologies Capital , Initialized Capital | |
| Aug, 2021 | Amount | Series A - Fly.io | Valuation | Intel Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fly.io
Fly.io has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include EQT Ventures, Andreessen Horowitz and Dell Technologies Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fly.io
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fly.io
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fly.Io Comparisons
Competitors of Fly.io
Fly.io operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Netlify, OutSystems, Vercel, F5 Networks and Webscale, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for continuous application development and deployment.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
Serverless platform for Node.js app deployment is offered by Zeit.
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| domain | founded_year | HQ Location |
Cloud-based ADC networking solutions are provided for application delivery.
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| domain | founded_year | HQ Location |
Hosting services
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| domain | founded_year | HQ Location |
Application Delivery Controller and WAF for on-premise and cloud applications
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fly.Io
Frequently Asked Questions about Fly.io
When was Fly.io founded?
Fly.io was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Fly.io located?
Fly.io is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Fly.io?
Kurt Mackey is the current CEO of Fly.io. They have also founded this company.
Is Fly.io a funded company?
Fly.io is a funded company, having raised a total of $107.13M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Jun 01, 2020.
What does Fly.io do?
Fly.io is recognized for offering a public cloud infrastructure tailored for developers. Services include Fly Machines, which are hardware-virtualized containers for instant app launches, and Managed Postgres for fully managed database solutions. Deployment is supported in 35 regions worldwide for low-latency responses. The platform caters to distributed systems, GPU-boosted models, and various frameworks like Phoenix, Django, and Laravel. Enterprise-ready features such as security, single sign-on, and SOC2 attestation are also provided.
Who are the top competitors of Fly.io?
Fly.io's top competitors include Netlify, OutSystems and Komodor.
What products or services does Fly.io offer?
Fly.io offers Fly Machines, Managed Postgres, and Phoenix.new.
Who are Fly.io's investors?
Fly.io has 7 investors. Key investors include EQT Ventures, Andreessen Horowitz, Dell Technologies Capital, Intel Capital, and Initialized Capital.